The Maryland UCC1 — National UCC Financing Statement is a form used to secure a personal property interest of a debtor (the debtor who is making payments) to a creditor (the entity who is receiving payments). This form is used to perfect a security interest that can be enforced in the event of a default in payment. It is also referred to as a lien. There are two types of Maryland UCC1 — National UCC Financing Statement and instructions. The first type is the short form, which is used when the debtor is a natural person (not a company or other type of legal entity). This form is used to simply state the type of collateral being used to secure the debt and the name of the debtor and secured party. The second type is the long form, which is used when the debtor is a legal entity, such as a corporation, limited liability company, or other type of business organization. This form is more detailed and includes additional information such as the address of the debtor, the type of collateral, the name of the secured party, and the effective date and expiration date of the security interest. Instructions for completing the Maryland UCC1 — National UCC Financing Statement are included in the form. Generally, they include information on how to fill out the form, what documents are required to be attached with the form, and how to file the form with the Maryland Secretary of State.
Maryland UCC1 - National UCC Financing Statement and instructions
Description Md Ucc Filing
How to fill out Maryland UCC1 - National UCC Financing Statement And Instructions?
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